ROC USA LLC
6 LOUDON ROAD SUITE 501, CONCORD, NH 03301 www.rocusa.org

Total Revenue
$9,691,078
Total Expenses
$9,136,251
Net Assets
$14,460,721

Organizations Filed Purposes: MAKE QUALITY, RESIDENT-OWNERSHIP OF MANUFACTURED HOME COMMUNITIES VIABLE NATIONWIDE.

THE ORGANIZATION'S PURPOSE IS TO AID PEOPLE LIVING IN MANUFACTURED HOME COMMUNITIES (MHCS) SO THAT AS A GROUP THEY CAN PURCHASE THEIR COMMUNITIES AND OPERATE THEM AS RESIDENT-OWNED AND/OR CONTROLLED ENTITIES THEREBY: (I) PRESERVING LONG-TERM EXISTENCE AND AFFORDABILITY OF THE MANUFACTURED HOUSING SECTOR;(II) CREATING A STABLE ENVIRONMENT FOR REASONABLY PRICED(NON-PREDATORY) SINGLE-FAMILY LENDING AND THE RESULTING ASSET APPRECIATION;(III) LESSENING THE BURDENS OF STATE AND LOCAL GOVERNMENTS ARISING OUT OF THE LOSS OF THIS SECTOR OF AFFORDABLE HOUSING (I.E. PRIMARILY THE DEMANDS FOR RELOCATION ASSISTANCE AND SUBSIDIZED HOUSING ALTERNATIVES ARISING FROM MHC CLOSURES); (IV)COMBATING DETERIORATION OF MHCS; AND (V) ELIMINATING THE ECONOMIC DISCRIMINATION AND STIGMA SUFFERED BY OWNERS OF MANUFACTURED AND MOBILE HOMES WITHIN MHCS.

ROC USA FOCUSES ON GOVERNANCE, STRATEGY, BRAND, FINANCIAL MANAGEMENT, COMMUNICATIONS AND DEVELOPING HOME-ONLY FINANCING OPPORTUNITIES WITH THIRD-PARTY LICENSED LENDERS IN SUPPORT OF HOMEBUYERS AND ROCS.

RESIDENT OWNERSHIP NETWORK, LLC, IN 2020, ASSISTED 14 NEW RESIDENT OWNED COMMUNITIES (ROCS) AND PRESERVED 868 HOMES IN EIGHT STATES. ROC USA NETWORK NOW SERVES MORE THAN 18,000 HOMEOWNERS AND 367 ROCS IN 18 STATES FROM COAST TO COAST.ROC USA NETWORK'S AFFILIATED NONPROFIT CERTIFIED TECHNICAL ASSISTANCE PROVIDERS - IN ADDITION TO CORE TRAINING AND EDUCATION - ARE ALSO INNOVATING WITH A RANGE OF SERVICES, INCLUDING: COMMUNITY RE-BRANDING, HOUSING REHAB AND INFILL ON VACANT SITES, COMMUNITY SOLAR, AND LEVERAGING HOME AND COMMUNITY IMPROVEMENT RESOURCES FOR ROCS IN THEIR REGIONS. ROC USA NETWORK HAS ALSO MADE SIGNIFICANT INVESTMENTS IN ITS STRATEGIC PRIORITIES OF ONLINE TRAINING, ROC MANAGEMENT GUIDES, ROC LEADERSHIP DEVELOPMENT, PROFESSIONAL DEVELOPMENT, AND DIGITAL BRIDGES TO ROCS IN SUPPORT OF LOCAL COMMUNITIES AND TECHNICAL ASSISTANCE PROVIDERS.

RESIDENT OWNERSHIP CAPITAL, LLC PROVIDES LOANS TO RESIDENT OWNED CORPORATIONS FOR ACQUISITION, IMPROVEMENT AND OPERATION OF THEIR MANUFACTURED HOME COMMUNITIES AS RESIDENT-OWNED. IN 2020, ROC USA CAPITAL PROVIDED $30M IN FINANCING TO SIXTEEN ROCS FOR DUE DILIGENCE AND COMMUNITY ACQUISITIONS AND IMPROVEMENTS. ROC USA RELEASED THIRD-PARTY IMPACT DATA ON ROC USA CAPITAL'S PORTFOLIO COMMUNITIES. THE STUDY SHOWS THAT ROCS AFTER FIVE YEARS OF OWNERSHIP HAVE MONTHLY SITE FEES BETWEEN MARKET RATE AND AS MUCH AS 17% BELOW MARKET IN THEIR RESPECTIVE MARKETS. THE IMPACT REPORT IS A PART OF A LONGITUDINAL COMPARABLE SITE FEE STUDY CONDUCTED FOR ROC USA BY AN INDEPENDENT APPRAISER. ROCS IN THE STUDY ARE ON AVERAGE RAISING SITE FEES 1% PER YEAR. THERE IS NO COMPARABLE STATISTIC FOR COMMERCIALLY-OPERATED COMMUNITIES HOWEVER IN ONE OF THE SUBJECT PROPERTIES, SITE FEES WERE RAISED 2.5% ANNUALLY PRIOR TO RESIDENT OWNERSHIP.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Paul BradleyPRESIDENT40$245,836
Michael SlossMANAGING DIRECTOR40$184,666
Mary O'HaraDIRECTOR OF TRAINING40$165,896
Carl MichelakosDIRECTOR OF ADMINISTRATION40$120,851
David DoyonCHIEF FINANCIAL OFFICER20$101,544
Amir KirkwoodDIRECTOR1$0
Lillian SinghDIRECTOR1$0
Marjory GilsrudDIRECTOR1$0
Rutledge SimmonsDIRECTOR1$0
Jennifer HopkinsSECRETARY1$0
Julie EadesSECRETARY (THROUGH JUNE 2020)1$0
Dianne BorradaileDIRECTOR1$0
Kate DavidoffDIRECTOR (THROUGH JUNE 2020)1$0
Michael SwackDIRECTOR1$0
Marietta RodriguezDIRECTOR1$0
Lauren CountsVICE-CHAIR1$0
Kim CapenDIRECTOR1$0
Lorie CahillDIRECTOR1$0
Andrea LevereBOARD CHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202141059349301669_public.xml